USD/JPY: Dollar stuck in the Clouds
Technical levels: support – 111.00; resistance – 112.20/30.
Trade recommendations:
- Buy — 111.50; SL — 112.30; TP1 — 112.20; TP2 — 113.20.
Reason: bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak dead cross of Tenkan-sen and Kijun-sen; the prices are on the SSA.